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Monday, December 23, 2024

Candlewick Lake home prices fall in the second quarter of 2017

Realestate3

The median sale price of a home sold in the second quarter of 2017 in Candlewick Lake fell by $11,750 while total sales decreased by 11.8%, according to BlockShopper.com.

From April through June of 2017, there were 30 homes sold, with a median sale price of $102,250 - a 10.3% decrease over the $114,000 median sale price for the same period of the previous year. There were 34 homes sold in Candlewick Lake in the second quarter of 2016.

The median sales tax in Candlewick Lake for 2017 was $2,854.84. In 2016, the median sales tax was $2,980.40. This marks an decrease of 4.2%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.8%.

The following table compares Candlewick Lake to other Boone County cities in the second quarter of 2017:

CityApr. - June 2017 Home SalesApr. - June 2016 Home Sales% change (Total Home Sales)Apr. - June 2017 Median Sales PriceApr. - June 2016 Median Sales Price% change (Median Sales Price)
Caledonia49-55.6%$373,000$220,00069.5%
Timberlane880%$289,500$328,250-11.8%
Loves Park57-28.6%$246,000$192,00028.1%
Poplar Grove25250%$163,500$150,0009%
Belvidere115125-8%$155,000$115,00034.8%
Garden Prairie10-$134,000$0-
Candlewick Lake3034-11.8%$102,250$114,000-10.3%
Capron42100%$99,000$86,25014.8%

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